Chinese coal mart may plunge in 2014

Nov 18, 2013 | 10:58 AM |

Tags  Feng Yipeng, Luzheng Futures Brokerage, coal prices, metallurgical coal, thermal coal

RIZHAO, China — Chinese coal prices could plunge next year as a result of fallout from China’s shadow banking crisis, Feng Yipeng, steel division manager of China-based brokerage Luzheng Futures Brokerage Co. Ltd., said.

He also pointed to a market consensus for a general downtrend in commodity prices due to the country’s slowing economy.

"The coal mining industry in China experienced rapid expansion in 2011, when a great number of new projects were kicked off and mergers and acquisitions took place," he said.....

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